Simplified analysis of $XRP and purchase timing

Current price:

- $2.32 (up +6.68% in 24 hours).

- Daily volume is weak: 2.06 million XRP against an average of 12.8 million (low liquidity).

Key indicators:

1. Trend:

- Price is above the short-term averages (EMA7: $2.31) and medium-term (EMA25: $2.27) → Uptrend.

2. Relative Strength Index (RSI):

- 73.63 (above 70) → Overbought ⚠️ (possible correction).

3. MACD Indicator:

- Weak buy signal (slight divergence between the lines).

Critical levels:

- Strong resistance: $2.37 (if broken → continued rise).

- Main support:

- $2.27 (EMA25) → Potential buying point.

- $2.21 (EMA99) → Strong long-term support.

When to buy?

1. Best scenario:

- Wait for the price to drop to $2.27 with:

- RSI dropping below 60 (relieving the overbought condition).

- Increase in volume (to support continued rise).

2. Alternative scenario:

- Buy after breaking $2.37 with high trading volume (confirming buyer strength).

Safety tips:

- Set a stop-loss: below $2.20 (to avoid large losses).

- Avoid buying now if:

- RSI remains above 70 without confirmation from other indicators (such as increasing volume).